Updated Nov 28, 2024
Jumbo Capital Buys Retail Property In Hingham, MA For $45.25M
400 Lincoln St Hingham, MA 02043, USA
$45,250,000
$354/SF
Building Size
127,505 SF
Asset Type
Retail
Closing
May 15, 2023
About this deal
AI
An retail property located at 400 Lincoln Street in Hingham, MA has been sold in a transaction. The property spans a total of 127,505 square feet and was sold for a price of $45,250,000, resulting in a price per square foot of $355.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $45,250,000
- Square Footage: 127,505
- Address: 400 Lincoln Street, Hingham, MA
- Market: Hingham, MA
Jumbo Capital acquired the property from AEW Capital Management. The transaction was facilitated by the brokers Robert Griffin, Jonathan Martin, and Paul Penman of Newmark.
On the Map
$45,250,000
$354/SF
Retail
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Players
Boston Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.35%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93